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in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is what will the president be saying, and senior advisors here as well as senators i've spoken to say they do not expect that he is making any nounment of a deal, so we'll wait for the white house to determine that for sure. what we've been hearing is that they have moved off the issue of taxes and have been more focused on the
more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four percentage points. estate tax compromise. this is something democrats want as well because the estate tax is due to zoom up to 55% on estates more than $1 million if they're passed and nobody wants to see that happen. they are trying to work on a compromise. unemployment, insurance benefits. obviously something urgent for millions of people collecting and the long-term unemployed who have been unemployed for quite sometime. delaying that sequester. this is what i'm talking about. they're talking about delaying it perhaps three months. this is the ultimate kicking the can down the road. remember the sequester is what got us to this point to begin with. it was supposed to be trigger, the guiotine hanging over the necks of the members of congress to git them to do something by tonight. we only have about 13 more hours. one more thing to show
connell and vice president joe biden. we're some of the last people in the building. i know -- come on through, guys, if you want. there's one of the crews that -- the worker crews are starting to come into work tonight. we're the last reporting crew. all the members of congress have pretty much gone. the republicans in the house were meeting late tonight to try to talk about what to do, in the end this is what our producer deirdre walsh heard from them. the message is just sit tight, stay tuned and i think what we have to do, don, is find out tomorrow morning, whether there is any progress between senator mcconnell and vice president joe biden. there is definitely hope. there is not a lot of time. >> let me tell you this, lisa. when you see the workers there, and the crew that -- and those are the people who these negotiations are about. every day americans who work these types of jobs, who are every day americans and so there you go. i think that is absolutely tells the story. >> don, i want to -- >> go ahead. >> i want to sneak in one thing we found that hasn't been reported tonight. also o
biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits smaller checks. does it sound like republicans are willing to let that go? >> seems like they are w
-start the negotiations and perhaps deliver an 11th-hour compromise. that's vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. welcome back, everyone, to "morning joe." that's the latest. ed rendell and jeffrey sachs all with us along with sam stein and michael steele in washington. joining us also in washington, senior national correspondent for "bloomberg businessweek," joshua green. and joshua, before we go on to what led to this doomsday scenario that we're facing right now, which was all set up by lawmakers in washington, talk to me about what businesses are looking for and wall street is looking for. there will be reaction. there's always this discussion about the need for certainty. at best, we're going to get some sort of small deal that puts everything off, which makes this whole deadline make no sense. are businesses going to respond well to that? >> if we get a deal, yes. i mean, wall street all along has been looking to avert the fiscal cliff. and frankly, i don't think ceos and businesses care
. minority leader mitch mcconnell called vice president biden in an effort to jump-start negotiations and there are reports of significant movement, giving some hope that some house republicans will go along with the deal. >> i do believe there are at least two dozen who would vote for the kind of agreement we're hearing about being put together in the senate. >> the vice president and i have worked together on solutions before and i believe we can again. >> there are some indications on how they're getting a little closer to an agreement. when it comes to income tax hikes "the washington post" reports that democrats counter offer sets the threshold at $450,000 a year for taxes to go up. republicans are looking for $550,000. democrats are no longer insisting on raising the estate tax on the very wealthy. they will now agree apparently to an up or down vote. that was key for republicans. still, both sides remain far apart on extending unemployment benefits and on the sequester. of course that is when the steep automatic spending cuts would slash budgets at the pentagon and other govern
president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> it is very important for republicans in congress to be willing to say, we under
in on the top flight dealmaking. lead negotiations have now fallen to vice president joe biden and senate minority leader mitch mcconnell who said an agreement is very close and said congress should act on the tax portion of the deal. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. we can do this. we must do this. >> famous last words. i want to go to the capital now. joining us, the dynamic duo, the silver fox and mr. boatshoe. nbc's mike viqueira and luke russert. gentlemen, thanks for being here. our cnbc colleague john harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described, jonathan, the sticking point remains this so-called trigger, t
. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest
. >> andrea. >> we've heard a lot of names in these behind closed doors talks, we've heard biden, we've heard reid, the name we haven't heard is vice-president joe biden. what's the significance of them bringing him in in the 11th hour discussion? >> i think it's important because he was in delaware this weekend and all of a sudden, suddenly, rushed back to the white house early today and that's significant because when they had things all boxed up a year and a half ago on the debt ceiling and looked like they'd hit a brick wall, it was joe biden reaching out to mitch mcconnell and bridged the divide and magically had a deal and some senior aides who say joe biden might be the key to unsticking this, afternoon biden and mcconnell worked on the debt ceiling, many years in the senate, obviously, together and that's why they have that relationship, there's some in the white house who call the vice-president the mcconnell whisperer, as if he has some sort of magic potion that bring people together. >> stuart? >> can i just ask you, ed, if there's any deal you've heard of that's bandied around her
to get delivered to him? where's he in all of this? >> reporter: vice president biden is very much the president's proxy in all of this. it's easy to understand why. both the president and vice president served in the senate, but biden served in the senate for decades with all of the players that he now has to engage with. he knows the personalities. he knows the rhythms of the senate and of congress better than president obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be struck. i think that's not surprising. that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of the tax cuts expire at midnight. the sense we're getting from a lot of sources and from members of congress is that perhaps tonight isn't a hard and fast deadline. mitch mcconnell and the vice president are negotiating in earnest to find a deal.
lawmakers fail to reach a deal over the weekend. could a last-minute push from vice president joe biden get something done before your taxes go up? >>> and oh, baby. kanye wecakanye west surprises y announcing his girlfriend, kim kardashian, is pregnant with their first child. how her family is reacting to the news "today," monday, december 31st, 2012. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >> welcome to "today" on a very busy monday morning. i'm willie geist. >> and i'm erica hill. matt and savannah have the morning off. >>> we'll have the latest on secretary of state clinton's condition in a live report straight ahead. it is the last day of 2012. >> you and i are both in the same situation with young children. >>> people filing into times square in new york city. it is the world's biggest party. of course, security will be extremely tight. we'll check in on celebrations there and around the world. >> then we'll catch up with three women that had us talking in 2012, including a mom that sparked debate over
conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have gotten things done when working together in the past. can they do it now? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a lot of political capital because they just won the house in a big way. whether or not these two men are actually going to be the ones to strike a deal, we're not sure, but we are told, our ted barrett and jessica yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between
to the upper chamber to find a way out. vice president biden who had remained on the sidelines in this round of talks was even called in to help move things along. but as the saying goes, insanity is doing the same thing over and over again and expecting different results. this morning, insanity continues as the clock ticks down and we have less than 17 hours to go. so joining us now to help us sort out this mess, we have former adviser to the bush administration and the romney campaign, dan senor. dan, will we go over the fiscal cliff? >> i'm afraid we will. i think it will get fixed right after right into the new year but i don't think it will get solved. >> something small, kicking the can down the road? >> correct. >> that same old thing. >> deal with the impasse until we get to the debt ceiling impasse. >> we'll talk about the politics of that coming up. former governor of pennsylvania and nbc news political analyst, ed rendell. ed, are we going over the cliff? >> no, i think we will kick the can down the road emphatically, but we won't go over the cliff. >> wow. director of the earth i
in their so-called closers. here is one, here is the other. vice president joe biden and senate minority leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been
case for barack obama and joe biden and barack obama and joe biden had ever made. the other thing about bill clinton's speech is he had the ultimate line in it -- "this economy was so bad even i could not have fixed it." >> you pointed out in the opening of the show what was the worst political moment, which was the clint eastwood wasting 12 minutes of prime time when just before, you have had these truly heart rending stories -- heartwarming stories about the humanity of the republican challenger, and also a bio which was not shown. that was terrible. >> the reason why clinton's speech worked was because people know it was bill clinton giving that speech. so many speeches are written by someone else, and they read that way, and the public is sick of it. >> finally, predictions for the year ahead in the supreme court. >> the supreme court -- it will be a gonzo year involving the supreme court possibly striking down the voting rights act, the obstruction of gay marriage, and even weather you can patent -- whether you can patent a genie. >> happy new year to you. she gets the last word. w
progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of p
with the latest. dab yell, good morning to you. >> good morning, terrell, vice president joe biden is now in on negotiations. senate minority leader mitch mcconnell reached out to him sunday night after talks with democrats stalled. but with just hours go until this deadline there are still obstacles standing in the way of even a watered down agreement. lawmakers left the capitol sunday night without a deal in place, but leaders from both parties expressed their willingness to continue working. >> there's still significant difference between the two sides but negotiations continue. >> i want everyone know i'm willing to get this done but i need a dance partner. >> some progress was made sunday when they dropped a proposal to slow social security growth but the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back on any increase in taxes. >> they say that the biggest priority is making sure t
biden, the vice president called in to help with the negotiations. maybe we see some movement in the coming hour. a surprise in your check at the end of the week. the mess in washington leaves employers wondering how much they should with hold from your paycheck. the world, stuart was just showing you pictures of shanghai, the world already starting the celebration. the dawn of 2013. happy new year, everybody. there is a live look at shanghai, china. top of the hour. time now for stocks. >> good morning. searching for direction. not a big surprise for new year's eve. we have seen the dow down slightly. the nasdaq is up about 15. we are watching pfizer and bristol-myers squibb they just approved a stroke preventing tail. the market for this drug could be huge. 8 million worldwide have this disorder. a huge market here for the drug. it is facing some stiff competition. we are taking a look at the markets right now. bristol-myers is up slightly at the moment. dagen: thank you, diane. we will see you shortly. we are a little over 12 hours away from 2013. pc is then scramble mode.
. >> the two people were senate republican lea leader mitch mcconnell and joe biden who worked the phones after talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. i would set the tax rate for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> last f
president joe biden was called in by mitch mcconnell, who said he needed a dance partner in all of this. guest: if you remember on friday, the president said he was going to turn over the lead to senator reid and senator mcconnell to work out a deal that could pass the senate and that he would sign on to whatever deal that was. senator reid and senator mcconnell were not able to reach that deal. the negotiations between them have turned increasingly bitter and senator mcconnell basically said that he could not work with senator read anymore and reached out to joe biden and ask him to resume the role that he has had in previous negotiations. the arbiter, the deal maker. joe biden had not been as involved atoll has returned to washington and is now part of the negotiations in a way that he had not been expected to until yesterday. host: what will the house and senate be voting on today? will there be an agreement on the fiscal cliff or an alternative plan that would continue unemployment benefits and keep taxes at the bush era level? guest: i'm not sure that anybody knows. and that includ
connell called on vice president joe biden to be that dance partner. biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> nbc's capitol hill correspondent kelly o'donnell is live on capitol hill. kelly o., i'm looking at the clock, we are now 14 hours and 58 minutes from going over the fiscal cliff. let's outline -- >> reporter: but who's counting, right, chris? >> yeah, who's counting? let's go over for people, what remains unresolved? it seems like two weeks ago they were pretty well set on the basic parameters of this thing, so let's talk about what's left to deal on? >> reporter: well, the
president joe biden. yep. that's right. joe biden is the latest person to be called on to try to get congress out of the straight jacket they've put themselves in. the vp and senate minority leader mitch mcconnell exchanged phone calls until midnight last night and again this morning, and appeared to be zeroing in on a tax rate compromise in the region of a $450,000 to $550,000 threshold. a higher rate than the president's earlier compromise as well as an agreement on the estate tax. sticking points remain. president obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will be to cut taxes on middle class families. >> and this morning former white house spokesman robert gibbs was even more blunt. >> the republicans simply can't utter the word yes. they cannot utter the word yes. i mean, i feel like it's -- i feel like you're talking to a 5-year-old, and, you know, you're saying, look,
, it will come down to those pesky details. vice president joe biden and senate minority leader mitch mcconnell the republican leader have been the key figures in these negotiations after talks stalled over the weekend between mcconnell and senate majority leader harry reid. mcconnell says he and the vice president spoke last night at 12:45, again at 6:30 this morning. mcconnell explained why he reached out to his former senate colleague mr. biden. >> i also placed a call to the vice president to see if he could help jump start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. >> obviously we were watching to see what the senate does at this hour, what is said at this point i'm hearing it sound like 2:00 eastern time may be another critical time, when they may run by their members, the republicans and the democrats, the latest on those talks, and if there is a deal the details of the deal, jon. jon: we just had senate majority leader read making some remarks from the microphone, perhaps i'll get to word from the control
senate minority leader mitch mcconnell, the top republican in the senate, and vice president joe biden. these are the two players right now. they discussed a possible remedy late into the night, around midnight, we are told, by an aide to mitch mcconnell, and at least at the staff level negotiations began again this morning. the question everyone wants to know, suzanne, of course, is are we going over the cliff? it appears very -- it's sort of unclear at this point. it's difficult to see how we kind of don't logistically and politically at this point, but the president has said he's optimistic, and so have some republicans. >> brianna, finally, what is the drop dead last deadline here in terms of whether or not we know this is going to happen or it's not going to happen? >> reporter: that's interesting because everyone would presume the drop dead deadline is tonight, and obviously to avert some of these tax cuts expiring, and it's not just these income tax rates, it's a bunch of other things as well and these spending cuts, that would be tonight. but the sense i'm getting and the sense
. >>> coming up next, you've heard how vice president joe biden is becoming a major part of these negotiations behind closed doors. we're going to take a closer look at that. plus, hillary clinton's health scare. dr. sanjay gupta tells us her prognosis and it depends where the blood clot is. that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to social spending, which have not yet been worked out. so we're following all of that, and waiting to hear more about these outlines of a deal that have started to emerge. deb, back to you in atlanta. >> joe, also said that he would prefer to have done a grand bargain, but he's willing to take right now what he can get. late la
're not able to make the counteroffer. >> that's joe biden, i believe. the house will meet at 9:00 a.m. for legislative business. i heard one rally as i was leaving and that was bring in rg3. i'm ready to bring in one other rookie. if you need an adoptive team, i suggest the redskins. those two rookies, unbelievable. >> i didn't stay up to watch the whole game. >> i did, in fact. exiting the stadium, wow, there -- i think these fans started tailgating at, like, 8:00 in the morning and i think they were tailgating, as they say, all day long. >> joe, you're bringing tears to my eyes. >> talking about rg3. >> oh, yeah. >> it was great. it was great. >> and i guess that's what it is. i hear people talking about john wheaton and -- >> comfortable in that fancy box you were in? >> i was very comfortable in that fancy box i was in. i was comfortable. >> do you want me to show you how comfortable i was? >> what have you got? right here, baby. redskins pajama pants. i was watching the game in these. >> john, thank you for not wearing those in today. >> i thought about wearing them on the bott
call on vice president biden to try and broker an ice breaker with house republican leaders. we will be getting an update from capitol hill throughout the morning. coming at 7:00 on "good morning america". >>> another health setback for secretary of state clinton she is being treat ford a blood clot at a new york hospital the clot was discovered yesterday during a follow-up exam connected to the concussion the secretary suffered after a fall earlier this month. a spokesperson would not state where the clot is located she cancelled two trip$sñú%s planned for next week. >>> two people were taken to the hospital after fire erupted in a home in the excelsior district. amy hollyfield is live at the scene. what is happening out there? >> reporter: look behind me, the street is still clogged with pg&e truck and heavy equipment, all of this because of of this fire being called suspicious. firefighters say when they got here to athens street 1:00 this morning, the fire was Ñ big and spreading quickly that.eading had them suspicions . then a neighbor told them the house had a meth lab
need a dance partner. >> vice president joe biden is now in on negotiations. >> do i wish that things were more orderly in washington? absolutely. >>> a tour bus crash on an icy oregon highway has killed nine people and injured 20 others. >>> today is december 31st. there's going to be a huge celebration in times square with everyone waiting for that crystal ball to drop. >> just to tell people hey, we were in the crowd in new york city on new year's eve. >>> a fatal plane crash in russia, the impact sending debris flying into oncoming traffic. >>> a scary slip on a frozen lake in the moun tapetains of southern california became a race to save a life. >>> and kim carkardashian is pregnant. >>> intercepted by rob jackson. redskins into the playoffs. rg3. maybe he can solve the fiscal cliff. >>> and all that matters. >> fireworks lit up sydney harbor, beautiful, as people mark the start of 2013. happy new year. >> on "cbs this morning." >>> chuck pagano back on the colts sideline yesterday cancer free as the colts won 28-16. >> i feel so blessed to be back with you g
, toree. the president, jovial, said they were close to a deal. that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not. many were angry he chose to have a campaign-style event in the white house complex. mitch mcconnell took the floor of the senate and pretty much calling the president's bluff saying, yes, we have an agreement on taxes. let's go ahead and vote on that. leave the sequester the way it is. that's not going to fly. we have an impasse here. there have been reports that the house of representatives to take whatever passes the senate if something passes and do it a minute after midnight. that scenario of steve and i and all of us talking
biden taken the lead in the talks. negotiating with senate minority leader mitch mcconnell. they spoke and narrowed down the differences. among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for us. what was the point here? the president decided to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good afternoon to you, t.j. the president using the bully pulpit. this is a part of the pressure on congress but also democrats who might be skeptical of this compromise that is coming to fruition so he came out today with middle class americans standing behind him and made the argument if we do, in fact, go over the cliff, if the steep tax hikes and spending cuts kick in to effect tomorrow, that the average american would see their taxes increase by about $2,000. this is an ar
sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, who he's worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. no single issue that remains an impossible sticking point. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on families making over $250,000 a year, and also extend unemployment benefits for 2 million americans, that could face an up or down vote in monday's session. >> we're going to come in 11:00 a.m. tomorrow morning, and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake for your wallet. because if we go off the fiscal cliff, it will be the largest tax increase since world war ii. not to mention the fact that if there's no deal, the markets may react in a very negative way. at the white house, ed henry, fox news. >>> let's bring in fox 5's politic
sessions with vice president joe biden. >> so i agree. let's pass the tax relief portion now. let's take what's been agreed to and get moving. we all want to protect taxpayers, and we can get it done now. >> but not everyone is happy about this deal. senator john mccain spoke just before senator mcconnell on the senate floor. >> i guess i have to wonder, and i think the american people have to wonder whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> aides on the hill are telling nbc news there will be no vote on any deal in the house tonight, so it does look like we'll be going over the cliff, at least temporarily. joining me now from capitol hill, nbc white house correspondent mike viqueira. what's going on right now? >> reporter: furs of all house republican aides will tell you there's nothing to vote on. in that they would be entirely correct. we've been talking about the parameters of the deal and you have correctly outlined them as far as i understand them in terms of the income levels and the alternat
. >> in unusual move republicans called for a no. 2 democrat, biden to help with negotiations as the white house places a lot of blame on the impasse. >> they say the bill biggest priority is we deal with the debit. their way is the only priority that tax breaks for wealth americans are protected. >> if a deal isn't reached, the president wants to introduce legislation to keep tax cuts for people earning more than 200 thousand a year. >> it wasn't only grid lock in washington. they are going to keep milk prices from rising next month. the agriculture secretary of state says without it we could pay $7 a gallon. >> >>> the woman charged for pushing a man from a platform on a subway train. the 31 year-old was quoted by the district attorney's office saying it would be cool pushing someone from a train. she blames the muslim, hindus and egyptian for the 911 attack. >>> a daring rescue that prevented tragedy. it was a rare christmas experience on the mountains of los angeles, fresh snow and ice for people that rarely see it. few seemed concerned until. >> we saw his arms flailing, someone said he can
president biden is now playing a direct role in the talks. the two partys remain at odds over the automatic across the board cuts to government programs and defense set to go in to effect and divide on taxes, the white house wants to raise tax rates on people making more than 250,000 dollars a year, republicans would like to keep the estate tax from going up. >> it will be dire if we can't reach an agreement. >> reporter: if there is no deal the average american family will start with a $3400 tax hike. >>> 9 people are dead, 18 others injured after a tour bus lost control and crashed down an embankment, this photo shows the emergency vehicles responding to the scene, this was yesterday morning, police say the drive hit a patch of ice near peppedzelton and crashed through a guardrail. crews used rope to get the people who were the survivors back up to the interstate. 40 people were on board that charter bus back to canada from las vegas. thousands of first responders gathered to remember a comrade killed in the line of duty while responding to a fire in up state new york. police pallbearers
certainly hope so. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but sticking points remain. >> there's still significant difference between the two sides, but negotiations continue. >> reporter: reid said negotiation also continue through the night, with just hours left till that deadline. john and paula? >>> secretary of state hillary clinton is spending new year's eve in the hospital. during a checkup for her concussion, doctors discovered clinton developed a blood clot. now she's on medication. the medical experts we spoke with speculate that clinton may have developed the clot after days of inactivity due to the concussion. >> we wish her a speedy recovery. >>>
."vice-president joe biden is apparently hat person for senatt minoriiy leader mitch mcconnell. top-level sources say the two arr taking over talks. if nothing is ressoved by midnight tonight, tax rates forrall americans will increase. democrats say it for the average middle-class family."one moo said to me in michigan, hat's four monthh groceries. i mean that's work in gas for up to three years, i mean that's a loo of money."democrats want higher taxes on families earning 250-thousand-dollars a year and over. epublicans want tax rates to stay where they are. taxes seem to be he biggest obstacle to a coopromise. but others want to see government spending ppt in cceck."the about the addiction thht his administrrtion has to spending. he's the spender in he's wiiling to do that."i s offered over a trillion dollars in additional spending dollars of spending cuts ffr o revenue.""the senate stands in - recess"the senate reconvenes at 11-a-m. so as americans 20013, they may waae up of wishing it were 20-12, when they had more money in their pockets. i'' andrew spencer reporting. even if lawmakers don't
, but mcconnell, taking the lead directly with vice-president joe biden on the phone. mr. mcconnell said the two parties were very close to an agreement. they were close to an agreement on the tax side that would avert tax rises before the vast majority of americans at midnight here tonight. what they are still talking about is the spending side. the question is what happens -- do they get deferred or delayed? still arguing over that period there is optimism the deal is emerging that if we do get it, remembering everything that is agreed has to be approved by the house and senate. there is certainly some suggestions that the house of representatives might not vote on something tonight. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first t
between harry reid and mitch mcconnel, and mcconnel sat down with the joe biden. maybe it is good cop and expect joe biden to be there to hammer out a deal between the two. >> this is what john thune has to say about republicans and what they want right now. >> republicans don't want to see new revenues and democrat tax increases used for new spending. that's where the members are trydrawing the line right now. senator bob corker is asking for specifics regarding the trillion in cuts that the president referred to on meet the press. and covering that from benghazi and on and on. >> and in your brew with david gregory you offered over one trillion and agreement with congress and avert the fiscal cliff. you are silent on the specifics. wrestling with the national's crisis help us to have a concrete plan and legislative language with you. >> it was interesting, very wide raging . there were not opportunities and he didn't get specifics when he talked about all of the things he's offered. at one point i offered so many changes and entitlements? i askscatched my head and wondered what chan
. vice president joe biden has taken over as lead negotiator for democrats and expected to keep working with mitch mcconnell. steve handelsman explains why some lawmakers might prefer to go over the cliff. >> reporter: the night before the fiscal cliff. >> the senate stands in recess. >> reporter: the senate gave until tomorrow. >> there still time left to reach an agreement. >> reporter: house lawmakers headed home, dropping a command to cut social security and hope the senate sends them a deal with minimal tax hikes on the rich. >> i'm still optimistic that we can get this averted before the final hour here tomorrow. >> reporter: when the clock strikes 2013, taxes go up on most americans. huge defense cuts kick in, which some republicans claim barack obama favors. >> it's obvious the president wants us to go over the fiscal cliff. >> reporter: on "meet the press," president obama blamed republicans. >> they say their biggest priority is dealing with the deficit, but the way they're behaving is their only priority is making sure taxes don't go up on the rich. >> reporter: the senate mi
government agency. >>> vice president joe biden is going to take the lead for the democrats. mitch mcconnell for the gop. congress has come to an agreement on one issue. leaders of both parties announced sunday they have reached a deal to extend the 2008 farm bill for at least one more year. without a deal the agriculture secretary says americans would have been force today pay as much as $7 if a gallon of milk. but again, that has been averted. >>> we are watching your money. i know you are sick of hearing it but over the next few days the words fiscal cliff, you are not going to be able to avoid them. whether or not you think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it is about $100 billion. goldman sachs says ending the tax holiday would shave percentage points off economic growth next year, no
,000. vice president joe biden is said to be a key player to try to make a deal with senate republicans. this is as the gop has reportedly backed off of a key social security measure. democrats have reported to offer to extend tax cuts for families making up to $450,000 a year. individuals making up to $400,000 a year. president obama originally wanted the tax cuts extended only four families making over $250,000 a year. as both sides make difficult concessions, the two sides appear to be inching closer to a deal. whether they can close a deal by midnight remains a question. >> want everybody to know that i'm willing to get this done. i need a dance partner. >> if there is an ultimate compromise, there will be parts of it that i find it disgusting and reprehensible. if lawmakers did not reach a deal by midnight tonight. you will likely not see a big change in their next paycheck. a lot of businesses use 2012 withholding rates. if you want to check out how much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in
the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security tax. they 6 worked together before and they have succeeded reaching a deal before and folks on capitol hill they can do so again. >> less than 26 hours from what everyone calls a fiscal cliff. it would be comprehensive big package we hear them talk about, the big compromise that speaker boen and the president had worked out a year and a half ago? >> if you want what is known a as the grand bargain you would likely get in two steps. a small down payment, a tax rate increase and some of the spending measures and some of the other tax measures and perhaps instructions for the next six to eight months to congress to work on entitlement and spending reform and broader
are the spending cuts? it sounds like they are getting close in the talks between vice president joe biden and the senate republican leader mitch mcconnell but there is not a deal until senator mcconnell knows he has enough support. let's take a look at some of the key points of a framework of the deal according to sources close to the talks. it would raise taxes on income tax amounts above $400,000 for individuals, $450,000 for families. it would address the estate tax, the alternative minimum tax, the medicare doc fix and unemployment insurance. current discussions about how best to address the automatic spending cuts that is called sequestration, the automatic cuts to defense, and domestic programs. a short time ago a leading republican expressed a great deal of concern and frustration with the whole process. >> it's december the 31st. january 1st is tomorrow, 2013, taxes go up. everybody agrees it will be disaster for the economy. we can't allow that to happen. we'll ruin the economy. but where we were? where were we for the pass month, and the month before that, and the month before t
president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing this and republicans are very concerned that it should not be used as an offset to reduce or replace some of the spending cuts that would occur and democrats put forward an alternative. this is a process. there's a lot of give-and-take going on. republicans do not want to see new revenue, democratic tax increases, being used for new spending. that is where many members are drawing the line. >> you all want to use this technical level, but it would really affect social security recipients in the sequester. democrats want to use new revenue from tax increases. is that the way you see that? >> there are other issues involved, but that is one example. it is not about replacing the sequester today. it is about changing policy to protect social security in the long run. if democrats do not accept it as an offset, come up with something else. raising taxes to pay for new spending is not something that republicans believe this deba
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